Roth Mkm Increases Viper Energy (NASDAQ:VNOM) Price Target to $53.00

Viper Energy (NASDAQ:VNOM) had its target price hoisted by analysts at Roth Mkm from $46.00 to $53.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Roth Mkm’s price objective would indicate a potential upside of 2.10% from the stock’s current price.

Other research analysts have also issued reports about the stock. Piper Sandler boosted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI boosted their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Barclays increased their target price on Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.63.

Viper Energy Trading Up 1.1 %

Shares of VNOM opened at $51.91 on Wednesday. Viper Energy has a one year low of $27.61 and a one year high of $52.32. The stock has a 50-day moving average price of $47.24 and a 200 day moving average price of $41.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The company has a market capitalization of $9.18 billion, a P/E ratio of 17.78 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $216.71 million during the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business’s revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Sell-side analysts forecast that Viper Energy will post 1.98 EPS for the current fiscal year.

Institutional Trading of Viper Energy

A number of large investors have recently modified their holdings of VNOM. Vanguard Group Inc. grew its stake in shares of Viper Energy by 23.3% in the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after purchasing an additional 1,603,333 shares in the last quarter. Capital World Investors increased its stake in Viper Energy by 16.8% during the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock valued at $246,566,000 after buying an additional 923,276 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Viper Energy by 19.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock worth $115,434,000 after buying an additional 496,131 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Viper Energy by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock worth $78,282,000 after acquiring an additional 224,021 shares during the period. Finally, Scout Investments Inc. boosted its holdings in shares of Viper Energy by 48.8% in the first quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer’s stock valued at $73,703,000 after acquiring an additional 634,036 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.